Shares of Windstream Holdings Inc (NASDAQ:WIN) have earned an average recommendation of “Hold” from the twelve ratings firms that are currently covering the firm, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $5.08.
Several research analysts have recently issued reports on WIN shares. ValuEngine cut shares of Windstream from a “hold” rating to a “sell” rating in a report on Thursday. Zacks Investment Research cut shares of Windstream from a “buy” rating to a “hold” rating in a report on Saturday, October 13th. Citigroup cut shares of Windstream from a “neutral” rating to a “sell” rating and set a $2.25 target price on the stock. in a report on Wednesday, July 18th. Bank of America cut their target price on shares of Windstream from $7.50 to $4.50 and set an “underperform” rating on the stock in a report on Monday, August 13th. Finally, Cowen restated a “buy” rating and issued a $8.00 target price on shares of Windstream in a report on Friday, August 10th.
Several institutional investors have recently modified their holdings of the company. Cubist Systematic Strategies LLC purchased a new stake in Windstream in the second quarter worth $131,000. MYDA Advisors LLC purchased a new stake in Windstream in the second quarter worth $132,000. Acadian Asset Management LLC purchased a new stake in Windstream in the second quarter worth $173,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp purchased a new stake in Windstream in the second quarter worth $174,000. Finally, Raymond James & Associates lifted its stake in Windstream by 31.2% in the second quarter. Raymond James & Associates now owns 44,557 shares of the technology company’s stock worth $235,000 after acquiring an additional 10,607 shares during the period. Hedge funds and other institutional investors own 60.36% of the company’s stock.
NASDAQ WIN traded down $0.09 on Monday, reaching $5.02. 719,467 shares of the company’s stock traded hands, compared to its average volume of 467,003. Windstream has a 12 month low of $3.03 and a 12 month high of $13.65. The stock has a market capitalization of $195.80 million, a P/E ratio of -0.62 and a beta of 0.09.
Windstream (NASDAQ:WIN) last issued its quarterly earnings results on Thursday, November 8th. The technology company reported ($2.57) EPS for the quarter, beating analysts’ consensus estimates of ($2.58) by $0.01. The business had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter in the previous year, the business earned ($2.75) earnings per share. The firm’s revenue was down 5.1% on a year-over-year basis. Sell-side analysts forecast that Windstream will post -10.62 earnings per share for the current year.
Windstream Company Profile
Windstream Holdings, Inc provides network communications and technology solutions in the United States. Its Consumer & Small Business segment offers services, including traditional local and long-distance voice services, and high-speed Internet services; and value-added services, such as security and online back-up.
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